Ansteel to expand HRC production

BEIJING (Asian Metal) 23 Apr 24 - Anshan Iron and Steel Group (Ansteel), the largest HRC producer in Northeast China, plans to produce 630,000t of HRC in May, up from 510,000t in April.

"We will operate all the four HRC production lines (1,580mm, 1,700mm, 1,780mm, 2,150mm) with full production capacity in May, while halted the 1,700mm line for half a month in April. Therefore, the output of HRC in May would witness the MoM rise of 120,000t to 630,000t," disclosed a sales official from Ansteel.Asian Metal Copyright Ansteel cuts ex-works prices of HRC by RMB100t USD14t for May production.Asian Metal Copyright In the meantime, the source disclosed that the purchasing activities of end users increase gradually and the mill almost finishes the sales target for May till now. Ansteel cuts ex-works prices of HRC by RMB100/t (USD14/t) for May production.

Based on an annual production capacity of 15.5 million tons, Ansteel roughly produced 6.Asian Metal Copyright "We will operate all the four HRC production lines 1,580mm, 1,700mm, 1,780mm, 2,150mm with full production capacity in May, while halted the 1,700mm line for half a month in April.Asian Metal Copyright1 million tons of HRC in 2023 and 1.Asian Metal Copyright The current mainstream price of HRC Q235B 5.Asian Metal Copyright7 million tons in the first three months of 2024.Asian Metal CopyrightBEIJING Asian Metal 23 Apr 24 - Anshan Iron and Steel Group Ansteel, the largest HRC producer in Northeast China, plans to produce 630,000t of HRC in May, up from 510,000t in April.Asian Metal Copyright The mill does not hold any inventories for the moment.

The current mainstream price of HRC Q235B 5.5mm*1,500mm*C hovers at RMB3,790/t (USD523/t) D/P in warehouse Shenyang, Liaoning, down by RMB10/t (USD1.4/t) from last Friday.Asian Metal Copyright .Asian Metal Copyright Traders move down prices slightly to promote sales, and the demand from downstream industries remains soft.

.Asian Metal Copyright Asian Metal Copyright